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Vårgrønn chief executive Olav Hetland said, “We are pleased to complete the transaction and appreciate the trust of our shareholders and agreement to focus their offshore wind efforts in northern …
Their addition to SAAM Towage’s fleet is part of the group’s plans to use more sustainably powered and powerful tugs in its Canadian fleet. “Together, we are creating a milestone …
Corvus senior vice president and product architect Thor Humerfelt said, “Batteries and fuel cells are complementary products, and they need to work together to achieve optimal efficiency and extended
United Maritime Corp has entered into definitive agreements with an unnamed, unaffiliated third party for the sale of two Aframax tankers. The company said it has also taken delivery of …
Despite supply chain delays and rising steel costs, shipyards continue to deliver newbuild tugs and receive high levels of orders. Demand for new tugboats remains strong, driven by port developments,
Costs of building and purchasing tugs running on alternative fuels or with onboard energy storage systems remain too high for most owners to invest in them. Tug owners continue to …
Ioannis Papadimitriou is a senior freight analyst at Vortexa, where he focuses on deriving insights on energy trade flows and their impacts on freight markets. His work has been widely …
The new vessel contracts all have a firm period of three years, with three one-year options included. Two of the agreements include a joint commitment between Equinor and vessel owners …
As the International Energy Agency’s (IEA) most recent quarterly gas market report noted, “Security of supply has become a top priority in Europe and other importing regions as a total …
BioLNG for vessels A specialist small-scale LNG distributor, Titan controls a fleet of LNG bunker vessels for ship-to-ship transfers, and performs truck-to-ship LNG transfers at ports in Europe. Mos
At the completion of the vessel, a naming and handover ceremony was held at Oshima Shipbuilding Co. Shofu Maru, a coal carrier, will be the first vessel in the MOL …
The UK-headquartered company said this is another significant step to making all required voyage data available in a single solution. The Podium5 Emissions Module provides extensive functionality to
The Port of Rotterdam and Spanish oil company Cepsa have agreed to create a north-south European green hydrogen corridor to aid decarbonisation of maritime and heavy industry, and a half-dozen …
The eight-member Project Zero is a collaboration between OS Energy, Newcastle Marine Services, the University of Strathclyde, Ecomar Propulsion, the University of Exeter, Cedar Marine, Chartwell Marin
DNV said the heightened focus on energy security has become a key factor driving the transition. It noted that inflationary pressures and supply chain disruption will pose a short-term challenge …
As recently highlighted by OWJ, Cadeler has consistently used equity markets to fund fleet expansion. It currently has three newbuilds on order, including two turbine installation vessels and one foun
Referencing more than 200 existing industry standards and guidelines focused on the requirements for the development of an offshore wind energy project, OCRP-1-2022 covers all stages of offshore windf
WavEC is a co-founder of the OceanACT consortium, which intends to promote offshore testing infrastructure in Portugal. It will support MPS with the licensing and consenting process, the environmental
Against an unprecedented backdrop of world events impacting the global energy market, terminals such as Grain LNG are arguably more strategically important than ever before. With pressure mounting to
Salvaging ships running on alternative fuels to diesel and heavy fuel oil (HFO) will be highly challenging and potentially deadly to salvors in an industry that remains underfunded. The characteristi
